Essilorluxottica (FRA:ESL)
€ 227 -3.3 (-1.43%) Market Cap: 103.50 Bil Enterprise Value: 113.26 Bil PE Ratio: 45.84 PB Ratio: 2.69 GF Score: 93/100
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Q1 2022 EssilorLuxottica SA Corporate Sales Call Transcript

Apr 22, 2022 / 08:30AM GMT
Release Date Price: €166.15 (-2.26%)
Operator

Welcome to the EssilorLuxottica Q1 revenue 2022.

(Operator Instructions)

I now hand the call over to Stefano Grassi, CFO.

Stefano Grassi;tÃ;anonyme;Co;CFO
EssilorLuxottica SociÃ

©©--

Good morning and welcome to our first-quarter trading update.

We are very pleased with the way we started 2022, despite some headwinds, like the COVID outbreak that hit several parts of the world and also the dramatic events related to the war in Ukraine. But Q1 has been a quarter of strong growth for the group, a quarter where our top line was up 38% on a reported basis, while on a pro forma basis, we're looking at the second consecutive quarter of double-digit growth, with sales up 11.5% at constant currency and 15.7% at current exchange rate.

The key assets of the EssilorLuxottica group are in healthy shape. All the region posted solid growth in Q1, with EMEA and Latin America at double-digit pace, while North America was up 8% on top of a 6% in 2021 versus 2019 on a pro forma

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